The Retirement Math Problem
Taxes are expected to rise as the government continues to increase spending. These are some tax planning strategies to consider to protect yourself now.
Roth
Navigate the complexities of Roth accounts within the federal retirement system. This section provides expert insights into the Roth TSP, Roth IRA conversions, and tax-planning strategies tailored for the federal workforce. Learn how to leverage tax-free growth to hedge against future tax hikes, understand the nuances of TSP to Roth IRA transfers, and determine if a Roth conversion makes sense for your FERS or CSRS retirement strategy. Stay updated on contribution limits and the five-year rule to ensure your retirement income remains tax-efficient.
Am I Allowed to Contribute to Both a Roth IRA and the Roth TSP?
Can I contribute to both a Roth IRA and the Roth TSP?
Benefits Cuts from 2020 Budget Mirror Past Proposals
Recent proposed cuts to federal employees’ benefits appear to be the same as ones from past budget proposals. Here is a recap.
Now Is the Time to Seize the Day
The author says that our current low tax environment may not last which makes now more than ever the time to utilize proactive tax planning strategies.
10 Ways to Save on Taxes And Expenses in 2019
The start of a new year is a good time to review your finances. These are some simple things you can do to help save on taxes and boost your long-term savings.
2019 Contribution Limits Announced for the TSP
The IRS has announced the 2019 contribution limits for the TSP and IRAs. How much extra will you be able to save?
Roth Re-Characterization Deadline Fast Approaching
Have you re-characterized a Roth IRA? This October has an important deadline for taxpayers using this technique.
The Time is Now for Roth Conversions
Should you convert your TSP to a Roth TSP or Roth IRA? The author discusses some important considerations.
Determining Taxes on Roth IRA and Roth TSP Distributions
Taking IRA and TSP distributions tax free can reap big savings, and with the recent tax law changes, savings opportunities may be even better.
Taxes Are Temporarily ‘On Sale’ – Are You Taking Advantage?
With federal spending rising, future individual tax rates are expected to be higher. The author describes options for offsetting this potential tax burden.
